Benchmark Reiterates Buy Rating on NVIDIA (NVDA) following CES

Benchmark analyst Cody Acree reiterated a Buy rating and $190.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst commented: "While Jensen Huang, as expected delivered a broad master-class on the current state and direction of the AI industry, and made several technically interesting announcements that together further extend the company’s hardware and software industry leadership, we believe many investors were hoping for more concrete progress updates on the ramp
of Blackwell and some input as to the company’s progress with its next generation GPU platform, Rubin. Jensen did provide a brief overview of Blackwell’s performance leadership and noted the platform is in full production, with virtually every Cloud Service Provider having systems up and running, in a wide variety of configurations and discussed the complexity of the 1 1⁄2 ton, 60,000 part system that is connected by two miles of 5,000 copper cables. Most all of this is already well understood by the market and again there was zero mention of Rubin, although to be fair, this next generation design is not expected until 2026. Overall, we thought it was a strong kick-off to this year’s CES and reiterate our Buy rating and our $190 price target."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $149.43 yesterday.

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